Payment of Balance Purchase Price. (1) On the Settlement Date, the Buyer must pay the Balance Purchase Price by bank cheque as the Seller or the Seller’s Solicitor directs.
(2) Despite any other provision of this contract, a reference to a “bank cheque” in clause 2.5:
(a) includes a cheque drawn by a building society or credit union on itself;
(b) does not include a cheque drawn by a building society or credit union on a Bank; and the Seller is not obliged to accept a cheque referred to in clause 2.5(2)(b) on the Settlement Date.
(3) If both the following apply:
(a) the sale is not an excluded transaction under s14-215 of the Withholding Law; and
(b) the Seller has not given the Buyer on or before settlement for each person comprising the Seller either:
(i) an ATO Clearance Certificate; or
(c) for clause 2.5(1), the Seller irrevocably directs the Buyer to draw a bank cheque for the CGT Withholding Amount in favour of the Commissioner of Taxation or, if the Buyer’s Solicitor requests, the Buyer’s Solicitor’s Trust Account;
(d) the Buyer must lodge a Foreign Resident Capital Gains Withholding Purchaser Notification Form with the ATO for each person comprising the Buyer and give copies to the Seller with the payment reference numbers (PRN) on or before settlement;
(e) the Seller must return the bank cheque in paragraph (c) to the Buyer’s Solicitor (or if there is no Buyer’s Solicitor, the Buyer) at settlement; and
(f) the Buyer must pay the CGT Withholding Amount to the ATO in accordance with section 14-200 of the Withholding Law and give the Seller evidence that it has done so within 2 Business Days of settlement occurring.
(4) For clause 2.5(3) and section14-215 of the Withholding Law, the market value of the CGT asset is taken to be the Purchase Price less any GST included in the Purchase Price for which the Buyer is entitled to an input tax credit unless:
(a) the Property includes items in addition to the Land and Improvements; and
(b) no later than 2 Business Days prior to the Settlement Date, the Seller gives the Buyer a valuation of the Land and Improvements prepared by a registered valuer, in which case the market value of the Land and Improvements will be as stated in the valuation.
(5) If the Buyer is required to pay the GST Withholding Amount to the Commissioner of Taxation at settlement pursuant to section 14-250 of the Withholding Law:
(a) the Seller must give the Buyer a notice in accordance with section 14-255(1) of the Withholding Law;
(b) prior to settlement the Buyer must lod...
Payment of Balance Purchase Price. On the Settlement Date, the Buyer must pay the Balance Purchase Price by Bank Cheque as the Seller directs.
Payment of Balance Purchase Price. (1) On the Settlement Date, the Buyer must pay the Balance Purchase Price by Bank cheque as the Seller or the Seller’s Solicitor directs.
(2) Despite any other provision of this contract, reference to a “Bank cheque” in clause 2.5:
(a) includes a cheque drawn by a building society or credit union on itself;
(b) does not include a cheque drawn by a building
(2) Property to the Buyer. If a party is required to make any other payment or reimbursement under this Contract, that payment or reimbursement will be reduced by the amount of any input tax credits to which the other party (or the representative member for a GST group of which it is a member) is entitled. society or credit union on a Bank; and the Seller is not obliged to accept a cheque referred to in clause 2.5(2)(b) on the Settlement Date.
(3) If both the following apply:
(a) the sale is not an excluded transaction under s14-215 of the Withholding Law; and
Payment of Balance Purchase Price. 2.2 input tax credits to which the other party (or the representative member for a GST group of which it is a member) is entitled.
(2) On the Settlement Date, the Buyer must pay the Balance Purchase Price by bank cheque as the Seller or the Seller's Solicitor directs. Despite any other provision of this contract, a
(1) The Buyer must pay the Deposit to the Deposit reference to a “bank cheque” in clause 2.5:
(2) Holder at the times shown in the Reference Schedule. The Deposit Holder will hold the Deposit until a party becomes entitled to it. The Buyer will be in default if it:
(b) includes a cheque drawn by a building society or credit union on itself; does not include a cheque drawn by a building society or credit union on a Bank;
(a) (b)
(c) does not pay the Deposit when required; pays the Deposit by a post-dated cheque; or pays the Deposit by cheque which is dishonoured on presentation. and the Seller is not obliged to accept a cheque referred to in clause 2.5(2)(b) on the Settlement Date.
(3) If both the following apply:
(3) Subject to clause 2.2(4), if the Buyer;
(a) the sale is not an excluded transaction under
Payment of Balance Purchase Price. 2.4.1. On the Settlement Date, the Buyer must pay the Balance Purchase Price by bank cheque as the Seller directs.
2.4.2. Despite any other provision of this Contract, a reference to a “bank cheque” in clause 2.4.1:
2.4.2.1. includes a cheque drawn by a Building Society or Credit Union on itself;
2.4.2.2. does not include a cheque drawn by a Building Society or Credit Union on a Bank; and the Seller is not obliged to accept a cheque referred to in clause 2.4.2.2 on the Settlement Date.
2.4.3. If both the following apply:
2.4.3.1. the sale is not an excluded transaction under s14-215 of the Withholding Law; and
2.4.3.2. the Seller has not given the Buyer on or before settlement for each person comprising the Seller either:
2.4.3.2.1. an ATO Clearance Certificate; or
2.4.3.2.2. a variation notice under s14-235 of the Withholding Law which remains current at the Settlement Date varying the CGT Withholding Amount to nil, then:
2.4.3.3. the Seller irrevocably directs the Buyer to draw a bank cheque for the CGT Withholding Amount in favour of the Commissioner of Taxation or, if the Buyer’s Solicitor requests, the Buyer’s Solicitor’s Trust Account;
2.4.3.4. the Buyer must lodge a Foreign Resident Capital Gains Withholding Purchaser Notification Form with the ATO for each person comprising the Buyer and give copies to the Seller with the payment reference numbers (PRN) on or before settlement;
2.4.3.5. the Seller must return the bank cheque in paragraph 2.4.
Payment of Balance Purchase Price. The Assignor will be responsible for and will pay any money payable by the Assignor in respect of the Property. In particular, the Assignor undertakes to pay the balance of the purchase price for the Property if it has not been paid for in full at the date of this Assignment.
Payment of Balance Purchase Price. (1) On the Settlement Date, the Buyer must pay the Balance Purchase Price by bank cheque as the Seller or the Seller’s Solicitor directs.
(2) Despite any other provision of this contract, a reference to a “bank cheque” in clause 2.5(1):
(a) includes a cheque drawn by a building society or credit union on itself;
(b) does not include a cheque drawn by a building society or credit union on a Bank; and the Seller is not obliged to accept a cheque referred to in clause 2.5(2)(b) on the Settlement Date.
Payment of Balance Purchase Price. The balance of the Purchase Price amounting to United States Dollars Four Million Six Hundred and Seventy Five Thousand (US$4,675,000.00) only (hereinafter called "the Balance Purchase Price”) shall be settled within Ninety (90) days from the date hereof (hereinafter called “the Completion Date”) by the issuance of shares by the Purchaser to the Vendors or the Vendor’s nominee(s) amounting to 2,000,000 units of its shares (hereinafter called “the Purchaser’s Consideration Shares”) at par of US$0.001 per share. The Purchaser’s Consideration Shares shall rank pari passu in all respects with the existing Purchaser’s shares save and except for dividends to be declared for the financial year ending 31st August 2007.
Payment of Balance Purchase Price. (1) On the Settlement Date, the Buyer must pay the Balance Purchase Price by Bank cheque as the Seller or the Seller’s Solicitor directs.
(2) Despite any other provision of this contract, reference to a “Bank cheque” in clause 2.5:
(a) includes a cheque drawn by a building society or credit union on itself;
(b) does not include a cheque drawn by a building society or credit union on a Bank; and the Seller is not obliged to accept a cheque referred to in clause 2.5(2)(b) on the Settlement Date.
(3) If both the following apply:
(a) the sale is not an excluded transaction under s14-215 of the Withholding Law; and
(b) the Seller has not given the Buyer on or before settlement for each person comprising the Seller either:
(i) an ATO Clearance Certificate; or
(ii) a variation notice under s14-235 of the Withholding Law which remains current at the Settlement Date varying the CGT Withholding Amount to nil,
Payment of Balance Purchase Price reimbursement under this contract, that payment or reimbursement will be reduced by the amount of any input tax credits to which the other party (or the representative member for a GST group of which it is a member) is entitled.
